KSi Daily Report: Monday, 26 May 2014

Kina Securities Indices opened the week on the downside after the close of POMSoX trading session on Monday. The main index, KSi fell 0.40 points to end at 3,673.05 points. Likewise, the Kina Securities Home Index or KSHi shed 7.05 points or 0.09% to 8,099.79.

One stock fell against three stocks that traded unchanged.

The drop came from pharmaceutical stock City Pharmacy Ltd (CPL) at K1.90, shedding 5 toea.

New Guinea Products Agmark Ltd (NGP), with a trading volume of 6,097 shares, was even at 80 toea. Meanwhile leading financial institutions Credit Corporation Ltd (CCP) and Bank South Pacific Ltd (BSP) stayed at K2.70 and K7.70 respectively.

Total shares registered today was 15,452 units at a share worth of K8,503.76.

In overseas markets, U.S stocks closed Friday higher after an increase in U.S home purchases boosted confidence in the world’s largest economy. The Dow Jones Industrial Average rose 63.19 points or 0.38% to end at 16,606.27. Asian stocks rose on opening week, following upbeat U.S housing data . Japan’s Nikkei share average added140 points or 0.97% to close at 14,603 points. Australian shares also followed lead from Wall Street closing on gains. The benchmark S&P/ASX 200 added 20.01 points or 0.36% to close at 5,512.80 points today.

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